Data Dictionary
Item Number J449
PREPAID DEPOSIT INSURANCE ASSESSMENTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFDJ449 | 2009-12-31 | 2013-03-31 | Yes | FFIEC 031 |
| RCONJ449 | 2009-12-31 | 2013-03-31 | Yes | FFIEC 041 |
Data Description:
FFIEC 031 RC-F item 6f - The prepayment of quarterly risk-based deposit insurance assessments for the fourth quarter of 2009, and for all of 2010, 2011, and 2012, due on December 30, 2009. Each institution's regular risk-based deposit insurance assessment for the third quarter of 2009, which is paid in arrears, also is payable on December 30, 2009.
Notwithstanding the prepaid assessments, each bank should record the estimated expense for its regular quarterly risk-based assessment for the fourth quarter of 2009 through a charge to expense during the fourth quarter. As a result of the interaction between the prepaid assessments and the accrual of the fourth quarter assessment, each bank should report the amount of its prepaid assessments less the estimated amount of its regular quarterly assessment for the fourth quarter of 2009 as a prepaid expense asset in its December 31, 2009, Call Report. This prepaid expense asset should be reported in Schedule RC-F, item 6, "All other assets," and, if it is greater than $25,000 and exceeds 25 percent of the amount reported in item 6, it also should be reported in Schedule RC-F, item 6.f, "Prepaid deposit insurance assessments." Deposit insurance assessment expense for 2009, which includes the regular quarterly assessment expense for the four quarters of 2009 and the special assessment imposed on June 30, 2009, should be reported in Schedule RI, item 7.d, "Other noninterest expense."